Sell Side Advisor

Kroll Corporate Finance Advised Classic Design on Its Sale to a Portfolio Company of Crestview Partners
Kroll Corporate Finance Advised Classic Design on Its Sale to a Portfolio Company of Crestview Partners

On March 1, 2022, Crestview Partners (“Crestview”), a leading private equity firm, announced that its recently created automation solutions platform has completed the acquisition of Classic Design (“Classic” or the “Company”), a Troy, Michigan-based provider of automation design and systems integration. Following the acquisition of JMP Solutions, Inc. (“JMP”) in August 2021, Classic is the second acquisition as part of Crestview’s strategy to build a market leading global automation solutions provider.

The Business Services M&A Advisory practice of Kroll served as the exclusive financial advisor to Classic Design in connection with the transaction.

About Classic Design
Founded in 1974, Classic is an end-to-end designer, developer, and integrator of custom automation solutions to customers in the automotive and defense sectors. Headquartered in Troy, Michigan, with a global footprint across the US and India and a strong legacy of engineering excellence, Classic is an established and innovative partner that is capable of delivering customized solutions across diverse systems and applications. Hall Render LP served as legal advisor to Classic. Doescher Group provided additional support to Company management through the transaction.

About JMP Solutions, Inc.
Founded in 1987, JMP is an automation systems integrator offering solutions to diverse industrial and consumer end markets. It designs, engineers and integrates hardware and software to automate its customers’ manufacturing, production and distribution facilities. Headquartered in London, Ontario, with an established North American footprint consisting of 15 office locations across the U.S. and Canada, the JMP’s multi-geographic branch model provides it with a strategic advantage over smaller, sub-regional competitors, allowing it to provide targeted, local support while also growing with its blue-chip customer base across geographies and applications. 

About Crestview Partners
Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and distinguished backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media and financial services.

Mergers and Acquisitions (M&A) Advisory

Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.

Fairness and Solvency Opinions

Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of fairness opinions in the U.S., EMEA (Europe, the Middle East and Africa), Australia and Globally in 2023 according to LSEG (FKA Refinitiv).

Transaction Advisory Services

Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.

Comprehensive Due Diligence Solution

Our Comprehensive Due Diligence solution helps clients minimize risks and make the most informed business decisions. We support in the areas of tax, compliance and regulatory, ESG, operations/strategy, M&A, financial and accounting, investigations, disputes and cyber/IT risk.

SPAC Advisory Services

Focused expertise for SPAC transactions.

Private Capital Markets – Debt Advisory

Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.

Financial Sponsors Group

Dedicated coverage and access to M&A deal-flow for financial sponsors.

Corporate Finance and Restructuring

M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.